Chinese officials disclosed that enterprises have been levied in advance or over-taxed and rectified: 5.04 billion yuan has been rectified
China News Service, Beijing, December 23 (Huang Yuqin and Liang Xiaohui) Hou Kai, Auditor General of the China National Audit Office, was entrusted by the State Council on the 23rd to report to the Standing Committee of the National People's Congress on the rectification of the 2019 central budget implementation and other fiscal revenue and expenditure audit problems.
He revealed that in response to the issue of enterprises being levied or over-levied taxes and fees, the relevant taxation authorities have put in place rectifications and handled refunds or tax deductions of 5.04 billion yuan (RMB, the same below).
On the same day, Hou Kai talked about the rectification of issues found in the follow-up audit of major policy measures.
Regarding the implementation of the employment priority policy, he said that relevant localities and departments have rectified 7.338 billion yuan and improved 24 systems.
Among them, with regard to the issue of disbursement of funds to unqualified units and individuals, misappropriation, and other issues, 17 provinces have taken 217 million yuan to rectify through recovery, withdrawal, and suspension of funds.
For funds that were not allocated or used on time, 6.042 billion yuan was rectified by improving liquidation methods, perfecting project application review procedures, and formulating fund management methods.
Regarding the implementation of the tax reduction and fee reduction policy, Hou Kai said that the relevant tax authorities have rectified the issue of enterprises being levied or over-levied in advance, handling tax refunds or tax deductions of 5.04 billion yuan; charging illegal fees or requiring enterprises to bear expenses And other issues, relevant places have returned 108 million yuan to the enterprise.
Hou Kai also reported on the prevention and resolution of major risk audit issues.
Regarding the issue of local government debt management, he pointed out that 18 provinces and 36 cities and counties under their jurisdiction have arranged to use or recover 24.285 billion yuan of idle funds for the unused issue of newly-added special bond funds, and improve 3 systems, and interviews 8 people.
Regarding the issue of illegal borrowing or guarantees, 9 regions used budget arrangements and direct repayments to resolve hidden debts of 6.022 billion yuan, and 2 regions held accountability for the illegal borrowers.
In addition, Hou Kai also stated that in response to the high actual non-performing rate of local small and medium banks, the China Banking and Insurance Regulatory Commission continued to promote the real accounting of non-performing loans, and promoted the use of special bonds to supplement the capital of small and medium banks; relevant localities and financial institutions accelerated the collection and disposal of non-performing loans.
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